Chapter 1 An Introduction to the World Economy and Trade 1.1 The Development Situation 1.1.1 World Trade Volumes and World Trade Composition 1.1.1.1 World Trade Volumes 1.1.1.2 The World Trade Composition 1.1.2 Main Trade Participants 1.1.2.1 Total Goods and Services Imports and Exports 1.1.2.2 Goods and Services Imports and Goods and Services Exports 1.1.3 Trade Situation in China and the U.S. 1.1.3.1 Foreign Trade in China 1.1.3.2 Foreign Trade in the U.S. 1.2 Features of World Economy and Trade 1.2.1 The Growth of World Economy and Trade Have Been Slowing Down 1.2.2 Trade Participants Differentiated Significantly 1.2.3 More High-Tech Products and Information Products Are Traded 1.2.4 The Global Value Chain Is Under Reconstruction; the Cross-Border E-Commerce Is Growing Rapidly 1.2.5 The Trade Protectionism Has Been Rising 1.2.6 Developing and Middle-Income Countries Have Been Increasingly Active Part I International Trade Theory
Chapter 2 Mercantilism, the Theory of Absolute Advantage, and the Theo- ry of Comparative Advantage 2.1 Mercantilism 2.1.1 Main Thoughts of Mercantilism 2.1.2 Main Policies of Mercantilism 2.1.3 Limitations of Mercantilism Reading 2.1 2.2 The Theory of Absolute Advantage 2.2.1 Basic Assumptions 2.2.2 Absolute Advantage 2.2.3 The Theory of Absolute Advantage 2.2.4 Limitations of the Theory of Absolute Advantage Reading 2.2 2.3 The Theory of Comparative Advantage 2.3.1 Basic Assumptions 2.3.2 Opportunity Cost 2.3.3 Comparative Advantage 2.3.4 Theory of Comparative Advantage 2.3.5 Limitations of the Theory of Comparative Advantage Reading 2.3 2.4 Determining the Relative Price with Free Trade Reading 2.4
Chapter 3 The Standard Trade Model 3.1 Production Possibility Frontier (PPF) Part II International Trade policy
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